Analyst Ratings for Fastenal Co. (FAST)

Updated: 2017-07-29

Shares of Fastenal Co. (NASDAQ:FAST) have received a consensus rating of Overweight from Wall Street analysts. A consensus rating of Overweight was previously issued for FAST last month.

A buy rating was issued by 8 analysts, 2 gave an overweight rating, 8 gave a hold rating, 0 gave an underweight rating, and 0 gave a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 4. Over the same time period, there has been an decrease of 1 in the number of analysts with a negative outlook on the stock.

Investment analysts gave a few price targets for FAST. The maximum price target given was 55, implying a possible profit of 26.29 percent. The lowest price target was 44, implying potential capital losses of 1.03 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.

Analysts have revised their earnings estimates upwards for this quarter, by about 3.1 percent on average, compared to last month. That number becomes 4.17 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed upwards by 2.67 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 3.22 percent.

People are often interested in whether analysts were united in the direction of their revisions. 8 analysts have revised their quarterly estimates upwards in the past 30 days, while 2 analysts revised their estimates downwards. Also over the last month, 9 analysts increased their estimates for the FY earnings, while 2 analysts decreased their estimates.

The growth rate of FAST's earnings is estimated by analysts to be 5.23 percent. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. People often look for the PEG ratio to be under 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of FAST is 4.58.

In the trailing 52-weeks, FAST hit 52.74 at the highest peak, while it's lowest trading point was 37.70. Currently the stock is 15.52 percent higher than its low, and 17.43 percent lower than its 52-week high. FAST has a price/earnings ratio of 23.93. Investors typically compare the P/E ratio to a company's peers in the industry. The FAST value stock report compares FAST to some of its peers using value stock charts. The market cap of FAST is $12.61 billion. FAST will post this quarters earnings in days, on 0000-00-00.